How does a distributor differ from an agent?
A) The agent pays royalties to the multinational enterprise.
B) The distributorship shares profits with the multinational enterprise.
C) The distributor takes title to the merchandise it receives and thereby bears many of the risks connected with commercial sales.
D) The distributor has the power to enter into contracts on the principal's behalf, but the agent does not.
C
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A data warehouse may include:
A. General Economic Information. B. A digital Dashboard. C. An XBRL style sheet. D. An iPad Mini.
The convention of consistency pertains to the use of the same accounting principles by firms in the same industry
Indicate whether the statement is true or false
A new machine with a purchase price of $94,000, with transportation costs of $8,000, installation costs of $5,000, and special acquisition fees of $2,000, would have a cost basis of
A) $ 99,000 B) $107,000 C) $102,000 D) $109,000
__________are inventories displayed for sale to customers
Fill in the blanks with correct word.